01842cas a2200253 a 4500 AALejournalIMF014470 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498335478 1018-5941 BD-DhAAL BD-DhAAL Chen, Sophia. The Tax-adjusted Q Model with Intangible Assets : Theory and Evidence from Temporary Investment Tax Incentives / Sophia Chen, Estelle Dauchy. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (53 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We propose a tax-adjusted q model with physical and intangible assets and estimate it with a self-collected comprehensive database of intangible assets. The presence of intangibles changes the accounting and economic measures of q. We show that when tax changes are temporary, the q model can be estimated by adjusting for the firm's intangible stock and intangible intensity. We estimate our model using temporary investment tax incentive policies in the United States in the early 2000s. When the q-model accounts for intangible assets, the estimated investment elasticity to tax incentives is generally larger than otherwise. It is also larger for intangible-intensive firms, and increases with firm size. Mode of access: Internet Dauchy, Estelle. IMF Working Papers; Working Paper ; No. 2014/104 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/104/001.2014.issue-104-en.xml IMF e-Library